It’s likely that you’ll have to borrow money at some point in your life, but whether you need funds for a new car, holiday or home improvements, should you choose a credit card or a loan? We’ve rounded up the 6 best reasons why a loan might be the best choice for you.

It’s likely that you’ll need to take a loan out at some point in your life to pay for a large purchase or help with an expense. If that’s the case, you’ll probably want to make your borrowing go as far as possible. But getting the best loan rate doesn’t just depend on how much you want to borrow.